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4 years ago

In the context of the new-product development process, which of the following is true of a new-product strategy?

Business

1 answer:

ANTONII [103]4 years ago

5 0

Answer: It must be compatible with the objectives of the marketing department, the business unit, and the corporation.

Explanation: The product strategy are the specific plans a company has for its particular product, this is includes the problems the product is intended to solve, the target market and how the product would get to the target market.

When a new product is developed by a company, a strategy is introduced to ensure that the product is in line with the objectives of the company and would be easy to sell by the marketing department.

There is also a need to properly present the product to the target buyers.

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On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $2,561 tuition per month pay

JulijaS [17]

Answer:

Dr accounts receivable $ 1,280.50

Cr tuition fees earned $ 1,280.50

Explanation:

At the end of October, WTI would have taught the class for half a month, hence the commensurate tuition fees earned should be recognized by debiting accounts receivable as an asset while tuition fees earned is credited accordingly.

Half of the month tuition fees=$2,561*1/2=$1,280.50

The $ 1,280.50 tuition fees earned for half of October is debited to accounts receivable and recognized as revenue earned by crediting tuition fees earned

8 0

3 years ago

Digby's product manager is considering lowering the price of the Daft product by $2.50 and wants to know what the impact will be

Dvinal [7]

Answer:

D. 34.00%

Explanation:

The computation of the new contribution margin is shown below:

As we know that

Contribution Margin = Net Sales Revenue - Variable Expenses

where,

Net sales revenue is

= 604 units × $32.5

= $19,630

The variable expense = Total material cost + total labor cost

Total Material Cost = 604 units × $14.36 = $8,673.44

Total Labor Cost = 604 units × $7.09 = $4,282.36

So, the variable expense is

= $8,673.44 + $4,282.36

= $12,955.8

Now

Contribution margin = $19,630 - $12,955.8 = $6,674.2

And,

Contribution margin ratio = Contribution margin ÷ net sales

So, Contribution margin = $6,674.2 ÷ $19,630

= 34.00%

4 0

4 years ago

An income statement reports information over a period of time, indicating the financial progress of a business in earning a net

ch4aika [34]

Answer:

True

Explanation:

An income statement is among the three important financial statements that a business prepares at the end of every financial year. It is divided into three main sections of revenues, expenses, and income.

The revenue section lists all sources of revenues and any adjustments to obtain the net revenue. The expenses section shows all business expenses and their total. The income section is the difference between revenue and expenses. A positive income means the made profits, while a negative income indicates losses.

5 0

3 years ago

Stryder, Inc. has 3 million shares outstanding at a current price of $15 per share. The book value of the shares is $10 per shar

pentagon [3]

Answer:

$75.3 million

Explanation:

Data provided in the question:

Shares outstanding = 3 million

Current price = $15 per share

Value of Bonds = $30 million

Selling price of bonds = 101% of par

Now,

Market Value of the firm = Market Value of shares + Market Value of bonds

Market Value of the firm = ( 3 million × $15 ) + ( $30 million × 101% )

Market Value of the firm = $ 45 million + $30.3 million

Market Value of the firm = $75.3 million

5 0

3 years ago

Which of the following would represent the order in which most master budgets are prepared? Multiple Choice Sales, Income Statem

AlekseyPX

Answer:

Sales, Purchases, Cash, Income Statement

Explanation:

The Budgeting Process Starts with determining the Number of Units that need to be sold.Then the Production Budget is prepared to determine the number of units which need to produced to meet the sales.Within the production Budget we can establish the amount of Purchases the firm need to make to satisfy production.A Cash Budget is then prepared to establish Balances of cash from inflows (sales budget) and outflows (purchases budget). then Lastly the Income Statement.

8 0

4 years ago